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Unite outrage as 3,100 jobs to go at HSBC despite £14bn profit

Unite has expressed outrage at the proposal by HSBC management that the bank plan to cut over 3,100 jobs from the UK.

The decision will impact HSBC staff across the country.

Unite national officer David Fleming said: “Following much speculation it has now been confirmed that HSBC is sending over 3,100 of its staff to the back of the unemployment queues. There is no justification for this awful treatment of staff. How can the bank announce 3,167 staff cuts when it was the workforce that delivered it a profit of £13.8bn last year?

“The hypocrisy of CEO Stuart Gulliver taking home £8m, while claiming the bank must cut thousands of staff in order to save money, will not be lost on the workforce.

“Unite is outraged that bank workers serving HSBC customers daily are having their jobs cut which will mean service will suffer.

“Unite will now be meeting with and consulting with its members to plan the next steps in response to this shocking announcement.”